What are the advantages and disadvantages of capitalist democracy?

A capitalist
democracy is a combination of a capitalist economic system and a democratic political system.
Thus, advantages and disadvantages of the hybrid system can be derived from the two systems
forming the capitalist democracy.

Advantages of a capitalist democracy
include the following:

• A capitalist democracy establishes a price
  system that ensures resources are conserved by producing what is needed in the market and
  anticipating consumer preferences.
• The market increases the need for useful
  skills and motivates individuals towards acquiring these skills for the benefit of the
  economy.
• Competition between the different organizations helps reduce costs
  and improve overall efficiency.
• Socially and politically, the interests of
  the general public are protected through their elected representatives.


• Policies will be established for the benefit of (ideally most of) the
  citizens.

Disadvantages of a capitalist democracy include the
following:

• Businesses may engage in unscrupulous activities,
  including hiking prices to drive up profits.
• Due to complete reliance on
  the factors of demand and supply, a strong class distinction between the rich and the poor is
  established.
• At the social and political level, decision-making and
  implementation may become a slow process due to bureaucracy.

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